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Solana Price Prediction: SOL Plummets 13% In A Week As This Blockbuster Layer-2 ICO Charges Towards $23 Million – Best Crypto To Buy Now?

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The Solana price plummeted 13% in the last week and 6% in the past 24 hours to trade at $166.93 as of 11:21 p.m. EST on trading volume that skyrocketed 49% to $7.5 billion. The drop in the SOL price has been attributed to the supposed “rug pull” of the LIBRA token , which was allegedly orchestrated by Argentine President Javier Milei, who promoted it in a now-deleted post on X, leading to a wave of lawsuits. Meanwhile, the crypto market also took a 3% drop to a $3.2 trillion market capitalization, according to Coingecko . Solana Price Analysis: Downtrend Persists Amid Bearish Indicators The SOL price has been in a clear downtrend, as depicted by the descending wedge pattern on the 4-hour chart. The Solana price recently broke below this pattern, further confirming the bearish momentum. After a strong bullish rally in mid-January, SOL reached a peak near $280 before reversing into a declining structure. The chart indicates that the downtrend started forming lower highs...
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Solana Price Prediction: SOL Drops 3% As Cboe Refiles For Solana ETFs, While Investors Move To This SOL Layer-2 ICO That’s Closing On $16M

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The Solana price dropped 3% in the past 24 hours to trade at $234.57 as of 02:32 a.m. EST on trading volume that plunged 44% to $5 billion. This retracement in the SOL price comes as the Cboe BZX exchange refiled 19b-4 filings for spot Solana ETFs (exchange-traded funds) from Bitwise, VanEck, 21Shares, and Canary Capital after the US Securities and Exchange Commission (SEC) reportedly rejected the applications last year. UPDATE: @CBOE just re-filed all of their Solana ETF 19b-4s for @vaneck_us, @CanaryFunds, @BitwiseInvest & @21Shares pic.twitter.com/CUogAWBl6u — James Seyffart (@JSeyff) January 28, 2025 Solana Price Indicators Show A Price Correction The 4-hour chart Analysis shows that Solana experienced a strong rally in mid-January, reaching an all-time high of $293.31, according to Coingecko data.  However, since then, SOL has retraced, forming a falling wedge pattern, which is typically characterized by lower highs and lower lows. Currently, SOL is tradin...
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Solana Price Prediction: As Grayscale Files For A SOL ETF, Experts Say Consider This Solana Layer 2 For 100X Gains

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The Solana price edged up a fraction of a percentage in the past 24 hours to trade at $249.96 as of 9:56 a.m. EST on trading volume that rose 18% to $8.5 billion. This comes after Grayscale Investments filed for a Solana ETF (exchange-traded fund) with the New York Stock Exchange (NYSE). It’s the latest among a number of filings prompted by the expectation of a friendlier regulatory environment under Donald Trump’s leadership. 🚨🚨🚨🚨 Breaking News: Grayscale has officially submitted a filing for a Solana ($SOL) Exchange-Traded Fund (ETF) with the New York Stock Exchange (NYSE). 🔥🎯#Solana #CRYPTO pic.twitter.com/TjmZdA4vrD — Seth (@seth_fin) January 24, 2025 Solana Price Could Continue Soaring The SOL price on the daily chart reveals a strong bullish trend that has gained significant momentum recently.  After a period of consolidation in mid-2024, the Solana price broke out above key resistance levels, and th...
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